Cleanergy” in the Philippines is expected to get a boost as publicly-listed Vivant Corp. (VVT) seeks to expand its renewable energy portfolio through a partnership with a global clean energy developer and operator. The Cebu-based energy solutions provider recently signed a joint venture agreement with ET energy, a global provider of innovative solar technologies and tailored financial solutions, to form ET Vivant Solar (EVC). “Our partnership with ET Energy allows us to add a new option to the solutions we offer our customers, partners and communities, allowing them to be more adaptable to the changing needs in the market,” Arlo Sarmiento, VVT chief operating officer, said. Under the venture, ET Energy and VVT, through its wholly-owned subsidiary Vivant Renewable Energy Corp. (VREC), will complement and expand their respective expertise in technology, project development, operations, power generation and retail electricity supply. Furthermore, the joint venture will be dedicated to providing turn-key solutions through Power Purchase Agreements (PPAs), covering every step of a solar plant’s life cycle, helping businesses secure savings on electricity payments and insulating them against price surges for over 20 years. EVC also aims to develop solar power plants that provide lower electricity rates directly to end-users. Cleanergy, a portmanteau of “clean” and “energy,” also refers to renewable energy. According to the Department of Energy (DOE), the development and optimal use of the country’s renewable energy resources is central to the Philippines’ sustainable energy agenda. Furthermore, renewable energy is considered an essential part of the country’s low emissions development strategy and is vital to addressing the challenges of climate change, energy security, and access to energy. ET president and Chief Executive Officer Dennis She, meanwhile, said ET Energy believes that “clean energy is the...

The 1MW solar farm just boosted Ilocos Norteâ€™s local power supply after the solar panelâ€™s full operation started. The solar energy farm has a total of 3,240 sheets of 310 solar modules with a 950 kilowatt inverter and a 1,000 kilovolt-amps step-up transformer and high voltage switch gear are installed in the nearly one hectare vacant lot at the back of the main office of the Ilocos Norte Electric Cooperative (INEC) in Suyo village in Dingras tow. “The solar farm will definitely improve the power voltage quality in the province due to the projectâ€™s proximity to the distribution system,” INEC general manager, Felino Herbert Agdigos said. â€œThe power generated from the solar farm will definitely enhance our system efficiency and our power quality,â€ he added. The full operation of the solar farm formally kicked off on July 25 with the presence of Moon Jiang, the president of Bosung Powertec Philippines Inc., Ferdinand Villareal of the National Electrification Administration (NEA) and local officials. Based on the mutual BOT agreement, Agdigos said Bosung Powertec Philippines will turn-over the entire solar farmâ€™s facilities to INEC with free of charge after 15 years of operation. Meanwhile, Villareal of the NEA cited the INEC is the countryâ€™s first electric cooperative that engages into renewable energy. He urged the other cooperatives in the country to replicate this initiative to attain the right balance between renewable and traditional sources of energies. For his part, Jiang said the solar farm, which has a total cost of $3 million, is expected to generate 1.6 megawatt hours annual generation and Php11 million annual...

Indiaâ€™s leading solar power plant construction company, Sterling and Wilson, has baggedÂ a contractÂ from Sindicatum Renewable Energy of Singapore, to set up a 23 MW solar PV plant in the Clark region of The Philippines. With this contract, Sterling and Wilson, a company of the Shapoorji Pollonji group, has a order book of 101 MW in the Philippines. Sindicatum Renewable Energy, the leading Singapore-headquartered Asian clean energy...

Asian Development Bank has signed a $20 million finance assistance agreement with EDC Burgos Wind Power Corporation, Eksport Kredit Fonden, and a syndicate of international commercial banks to help support the development of Burgos Wind Farm, the largest wind farm of its kind in the Philippines. In a statement, ADB said other lenders include a syndicate of local commercial bank who have provided local currency debt. According to...

The application of Philippine Solar Farm Leyte Inc. to put up a point-to-point transmission facility that will connect its 30 MW power plant in Ormoc City to the Visayas grid has been approved by the Energy Regulatory Commission. The approval of the point-to-point transmission system was in accordance with the provisions of the Electric Power Industry Reform Act of 2001. ERC approved the facility subject to compliance to certain...

The German-Philippines Chamber of Commerce and Industry said German companies seek local partners to conduct projects of solar power in areas not connected to the main power grid of the Philippines. The chamber said it will organize a networking event aimed at forming partnerships between German and Philippine companies in order to foster technology and know-how transfer. The German efforts are concentrated on developing the...

Aboitiz Power subsidiary Hedcor Bukidnon has secured a P10 billion load to finance the development of its hydroelectric power generation facility in Bukidnon province. Hedcor Bukidnon, Inc. obtained loans and credit accommodations from a consortium of lender-banks in the amount of up to P10 billion. The loan will be used to finance the development, construction, operation and maintenance of its 68.8-MW hydroelectric power generation...

German-based photovoltaic solution and service provider Conergy has entered into an agreement with Monte Solar Energy, a joint venture between AC Energy Holdings and Bronzeoak Philippines to put up an 18 megawatt (MWp) solar power plant in Bais, Negros Occidental. Under the agreement, Conergy will design and engineer the construction of the plant. Located in Bais, the solar farm will occupy a land area of 213,292m2. Conergy will be...